The retail oil and gas logistics market has shown strong growth, with its size rising from $1.04 billion in 2023 to $1.11 billion in 2024, reflecting a compound annual growth rate (CAGR) of 6.8%. This growth is attributed to increased oil and gas exploration and production activities, more automobiles on the roads, rising demand for energy products like gasoline, diesel, and liquefied petroleum gas (LPG), the adoption of electric vehicles (EVs), and increased urbanization and industrialization. The market is expected to continue growing strongly, reaching $1.46 billion by 2028 at a CAGR of 7.1%. This growth is driven by the rising demand for contract logistics services, a shift from over-the-road to intermodal transportation, increasing need for efficient retail oil and gas logistics services, demand for energy products, and rising investments in infrastructure development. Major trends in the forecast period include technological advancements, a focus on sustainability and eco-friendly products, integration of online and offline channels, telematics technology incorporating GPS, cellular communication, and onboard sensors, and the adoption of AI, IoT, and data analytics.
Global Retail Oil And Gas Logistics Market Key Driver
A surge in demand for electric vehicles (EVs) is expected to propel the growth of the retail electricity market. EVs, powered by electric motors and rechargeable batteries, are in demand due to environmental awareness, government policies, and technological advancements. Retail electricity supports EV charging needs through residential and public charging stations. For instance, the Edison Electric Institute forecasted in June 2022 that the number of EVs on U.S. roads would increase from 2.4 million in 2021 to 26.4 million by 2030. Therefore, the surge in EV demand is driving the development of the retail electricity market.
Get A Free Sample Of The Retail Oil And Gas Logistics Market Report
Global Retail Oil And Gas Logistics Market Segments
The retail oil and gas logistics market covered in this report is segmented –
1) By Type: Upstream, Midstream, Downstream
2) By Operator: Private, Public
3) By License Type: Company Owned Company Operated, Company Owned Dealer Operated, Dealer Owned Dealer Operated
4) By Transportation Type: Railroad Transportation, Tanker Trucks Transportation
5) By Application: Offshore, Onshore
By Geography:The regions covered in the retail oil and gas logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the retail oil and gas logistics market in 2023.
Major Retail Oil And Gas Logistics Industry Players
DHL Group, CMA CGM Group, Gulf Agency Company Limited, Deutsche Bahn AG, Kuehne + Nagel Management AG, C.H. Robinson Worldwide Inc., Bollore SE, Expeditors International, GEODIS, Agility Public Warehousing Company K.S.C.P, PSA International Pte Ltd., Noatum HOLDINGS S.L.U., Panalpina World Transport, ASCO Group Limited, UPS Supply Chain Solutions, Yusen Logistics Co. Ltd., Halcon Primo Logistics Pte Ltd., Tudor International Freight Ltd., Riada Shipping and Logistics, Reliance Logistics Group Inc., ACI Cargo, Berrio Logistics Pvt. Ltd.
Purchase The Global Retail Oil And Gas Logistics Market Report Directly And Get A Swift Delivery
Retail Oil And Gas Logistics Market Overview
Retail oil and gas logistics refers to the specialized processes in managing the supply chain for petroleum products from refineries or distribution centers to retail outlets such as gas stations. It encompasses the planning, implementing, and controlling of the efficient and cost-effective flow and storage of petroleum products, ensuring they reach their intended destinations promptly.
Retail Oil And Gas Logistics Global Market Report 2023 provides data on the global retail oil and gas logistics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The retail oil and gas logistics market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
